Vlispxpert's Underground

[matt24d]

OPRA tearing it up here. Their earnings were great and they mentioned in the conference call about either selling their stake in opay or it even going public.
Our year-end balance sheet includes an updated fair value assessment of our investments in OPay. We value our stake at an estimated $269 million, up from $163 million before. This results in a significant non-cash accounting gain of $106 million in the fourth quarter. As noted in our press release, we've observed that the company more than quadrupled its user base during 2023 and saw an even higher uplift in daily usage, in turn driving strong revenue growth. The updated valuation also ties with the limited investments by a new OPay investor in late 2023, which subscribed at a $3 billion OPay valuation. We remain interested in selling our stake in OPay at the right time. We are also open to a later stage exit in connection with OPay eventually going public, according to its longer-term plans. Our OPay stake stood at 9.44% as of year-end.